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03 Jan
12:05

Steel exemplifies renewable electrification potential for industry: study

Many nations are declaring their desire for energy transition, but low-cost fossil fuels still dominate globally. However, electricity, even that produced from renewables, could become the cheapest energy by 2050, shows a new study by the Potsdam Institute for Climate Impact Research. Steel is a good example of how electricity can reduce carbon emissions. “80% of all energy demands for industry, mobility or heating buildings is met by burning – mostly …
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